Dec. 8 at 11:37 PM
Actionable Trade Alert for
$CRL:
Market Context:
$CRL is currently experiencing strong bullish momentum, evidenced by a high RSI of 84.21, indicating overbought conditions. The stock's last close at
$188.35 is significantly above both the 30-day (MA30: 175.04) and 50-day (MA50: 174.96) moving averages, suggesting upward momentum. The recent 60-day high of
$199.66 provides a potential resistance level.
Directional Bias: The high RSI indicates a potential pullback, but given the strong trend above key moving averages, a breakout above the 60-day high could lead to further gains.
Trade Plan:
- Suggested Entry:
$188.35
- Stop Loss:
$180.20 (approximately 4.3% below entry)
- Take Profit Targets:
1. Target 1:
$195.00 (3.5% gain)
2. Target 2:
$198.00 (5.2% gain)
3. Target 3:
$220.00 (16.8% gain)
With a well-defined stop loss and clear targets, this trade offers a potential ROI of over 17% on the third target.
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